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Overview

China Sector Leader Fund

Objective

The China Sector Leader Fund seeks to achieve long-term capital growth.

Fund Description

The China Sector Leader Fund seeks to achieve its investment objective by investing its net assets in equity securities (a) of issuers in China or that are tied economically to China and (b) of issuers that are deemed by the sub-manager to be Sector Leaders.

Investment Strategy and Process

  • Mirae Asset defines Sector Leader companies as those which can maintain, or achieve in the future, a dominant position within their respective market.
  • Mirae Asset's Sector Leader approach is tailored to the fast growth and dynamic environment of emerging markets.
  • Mirae Asset's Sector Leader approach aims to identify early winners in growing industries, where entrepreneurship can produce long-term global competitiveness.
  • Mirae Asset applies extensive bottom-up research methods in a team-based setting to evaluate Sector Leader investment opportunitie.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Fund Facts

China Sector Leader Fund

As of 03/31/2012

Benchmark
The MSCI China Index 1
Fund Assets (mm)
$7.9
Number of Holdings
28


1 The MSCI China Index is a free float-adjusted market capitalizationweighted index of Chinese equities that include China-affiliated corporations and H shares listed on the Hong Kong exchange, and B shares listed on the Shanghai and Shenzhen exchanges. An investor cannot invest directly in an index.

Share Classes

Class
Ticker
CUSIP
Inception Date
A
MALCX
60462F705
09/24/10
C
MCLCX
60462F804
09/24/10
I
MELCX
60462F887
09/24/10

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Performance

China Sector Leader Fund

Performance as of 04/30/2012

Share Class Ticker Inception Date NAV per Share as of 04/30/2012 *  
Monthly as of 04/30/2012 (%)
Quarterly as of 03/31/2012 (%)
1 Mo
YTD
Since Inception¹
Quarterly
1 Year
Since Inception¹
A MALCX 09/24/2010 8.33 at NAV 2.77 11.79 -4.79 8.77 -17.58 -6.75
with sales charge -3.14 5.36 -8.25 2.52 -22.31 -10.33
C MCLCX 09/24/2010 8.22 at NAV 2.71 11.52 -5.52 8.57 -18.25 -7.47
with sales charge 1.68 10.40 -5.52 7.49 -19.07 -7.47
I MELCX 09/24/2010 8.35 at NAV 2.79 11.89 -4.68 8.84 -17.43 -6.65
with sales charge 2.79 11.89 -4.68 8.84 -17.43 -6.65



* NAV (Net Asset Value) has not been adjusted to reflect any applicable sales charge.

1 Annualized.


Past performance does not guarantee future results. The performance data quoted represent past performance and current returns may be lower or higher. Share price and investment return fluctuate and an investor's shares may be worth more or less than original cost upon redemption. For periods more than one year, performance is annualized. For performance data as of the most recent month-end please call 888-335-3417 or visit www.miraeasset.com.

The Fund performance may not be indicative of the Fund's long-term potential. The Fund's returns will fluctuate over long- and short-term periods. "NAV" is the Fund's Net Asset Value per share and has not been adjusted to reflect any applicable sales charge. Maximum sales charge (load) as a percentage of the offering price (applies to Class A shares only): 5.75%. Maximum deferred sales charge (load) for redemptions within one year of purchase (applies to Class C shares and may apply to certain redemptions of Class A shares): 1.00%.

Mirae Asset Global Investments has contractually agreed at least through August 31, 2011 to limit the fund's expense ratio as described in the prospectus, at which time this arrangement may be terminated, extended or modified. Total expense ratios: Class A 8.57%; Class C 9.20%; Class I 5.26%. (Net expense ratios after fee waiver and reimbursement: Class A 1.95%; Class C 2.70%;Class I 1.70%.)

Portfolio

China Sector Leader Fund

Top Ten Holdings as of 03/31/2012

Holdings
 Portfolio Weightings (%)
Baidu Inc - Spon Adr
3.5%
Ping An Insurance Group Co-H
2.9%
Kunlun Energy Co Ltd
2.8%
China Construction Bank-H
2.8%
China Merchants Bank-H
2.8%
China Resources Enterprise
2.7%
Cnooc Ltd
2.6%
Ind & Comm Bk Of China-H
2.5%
China Overseas Land & Invest
2.4%
Petrochina Co Ltd-H
2.3%

Sector Allocation as of 03/31/2012


The portfolio holdings and allocations will change and the information provided should not be considered as a recommendation to purchase or sell a particular security. There is no assurance that the securities mentioned remain in the Fund's portfolio or that securities sold have not been repurchased.

Growth of $10,000 as of 03/31/2012


A hypothetical $10,000 investment in the fund's Class A shares on 9/24/10 would have been worth $7,455 on 12/31/11. This does not reflect the 5.75% maximum front-end sales load applicable to Class A shares which, if reflected, would have lowered performance. Assumes reinvestment of dividends and capital gains.

Past performance does not guarantee future results.

Performance for the fund's other share classes would vary.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Managers

China Sector Leader Fund

Cong Li, PhD

Cong Li


Chief Investment Officer - Asia Pacific

Hong Kong

17 years' investment experience

Cong Li is the Chief Investment Officer with Mirae Asset Global Investments (Hong Kong) and Head of China Investment and Research Team. He manages key Mirae Asset portfolios, including the China Equity Funds, and supervises a team that oversees a range of Asia Pacific products, including country, regional and sector funds.

Prior to joining Mirae Asset, Dr. Li was a Fund Manager at Hong Kong-based Hamon Investment Group with responsibility for stock selection in Greater China equity markets. He is also known as one of the few pioneering fund managers in China's domestic equity market.

Dr. Li started his investment management career at Hua Yin International Trust & Investment Company in 1994 as an Investment Manager covering equities, fixed income and commodity futures. He subsequently left to join Shanghai-based Hua An Fund Management Company in 1998, where he managed three styles of funds in the China markets. He was named as one of China's top star fund managers by New Fortune Magazine in 2002 for consistent, outstanding performance.

Mr. Li holds a Chartered Public Accountant qualification in China, a PhD in Business Administration from Shanghai Jiao Tong University (China) and Master's and Bachelor's degrees in Public Administration from Columbia University, and is fluent in Mandarin.

Byung-Ha Kim

Byung-Ha Kim


Head of China Investment Team

Hong Kong

12 years' investment experience

Byung-Ha Kim is a Senior Portfolio Manager for Mirae Asset Global Investments (Hong Kong).

He manages investments in China and other Asian markets. He has twelve years of experience in capital markets and fund management in Korea. Prior to joining Mirae Asset, he served as a strategist at the research entity of Mirae Asset Global Investments in Seoul. He began his professional career as an Analyst and Portfolio Manager covering the Korean stock market.

Mr. Kim graduated with a Bachelor of Business Administration degree from Seoul National University, and is fluent in Korean.

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Downloads

China Sector Leader Fund

Fund Literature, Documents, and Forms

Fund Literature
Prospectus
Commentary
Factsheet
Documents & Forms
Holdings (recent quarter)
Holdings (Form N-Q)
Annual Report
Seminnual Report
SAI

Questions?

Contact an Emerging Market Specialist at Mirae Asset Global Investments for answers.

877-MIRAE-01 (877-647-2301)
 

Important Information

Risk Factors

EQUITY SECURITIES (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

EMERGING MARKET investing may be subject to additional economic, political, liquidity, and currency risks not associated with more developed countries.

GEOGRAPHIC CONCENTRATION RISK — A small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic or regulatory developments in that country or region.



 

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